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Microsoft, Meta Power AI Market to Record Highs

Microsoft, Meta Power AI Market to Record Highs

Bloomberg6 days ago
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Kestra Investment Management's Kara Murphy, Redpoint Managing's Erica Brescia, Citizens' Devin Ryan, Alger's Dan Chung, Goldman Sachs' Lizzie Dove, Morgan Stanley's Sherry Paul, Jefferies' Brent Thill, Kearney's Katherine Black, Neuberger Berman Group's Daniel Flax, AI Fund's Andrew Ng. (Source: Bloomberg)
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Butter made from carbon tastes like the real thing, gets backing from Bill Gates
Butter made from carbon tastes like the real thing, gets backing from Bill Gates

CBS News

time5 minutes ago

  • CBS News

Butter made from carbon tastes like the real thing, gets backing from Bill Gates

A company in Batavia, Illinois is making butter in a way you've never seen before. No animals, no plants, no oils; this butter is made from carbon. The sustainability-focused approach has the blessing and backing of Bill Gates. It looks, smells and tastes like the butter we all know, but it's made without the farmland, fertilizers or emissions tied to the typical process. This unprecedented process is happening at the facilities of Savor in an industrial park in the suburbs west of Chicago. "So you're using this gas right now to cook your food and we're proposing that we would like to first make your food with— with that gas," said Kathleen Alexander, co-founder and CEO of Savor. The company's pioneering tech uses carbon and hydrogen to make sticks of butter that anyone would recognize. "This is pretty novel, to be able to make food that looks and tastes and feels exactly like dairy butter, but with no agriculture whatsoever," said Jordan Beiden-Charles, food scientist for Savor. And without a long ingredient list the average person can't pronounce. "It's really just our fat, some water, a little bit of lecithin as an emulsifier, and some natural flavor and color," Beiden-Charles said. This is how it works: Fats are made up of carbon and hydrogen chains. The goal is to replicate those chains without animals or plants. And they did it. To put it in simple terms, Savor says they take carbon dioxide from the air and hydrogen from water, heat them up, oxidize them and get a final result that looks like candle wax but is in fact fat molecules like those in beef, cheese or vegetable oils. The entire process releases zero greenhouse gases, uses no farmland to feed cows, and despite its industrial appearance, has a significantly smaller footprint. "In addition to the carbon footprint being much lower for a process like this, right, the land footprint is, like, a thousand times lower than what you need in traditional agriculture," Alexander said. And the most important question: how does it taste? The answer is surprisingly like the butter we know and love. The company also touts that they do not use any palm oil in the butter, and palm oil is a significant contributor to deforestation and climate change. Of the 51 billion tons of greenhouse gases emitted every year, 7% is from the production of fats and oils from animals and plants, which Savor says makes their process the most climate-friendly option. Right now, the company is working directly with restaurants, bakeries and food suppliers. They are releasing chocolates made with their butter in time for the 2025 holiday season. They expect for the average consumer to be able to buy them in the near future. "Savor Butter, in either its current manifestation or with our partners, we expect that to be on the shelves kind of more like around 2027," Alexander said. The teams in Batavia and their home lab base in San Jose, California, are backed by billionaire Gates who wrote in his blog, "The idea of switching to lab-made fats and oils may seem strange at first. But their potential to significantly reduce our carbon footprint is immense." The company believes butter can make a difference. "This is really about how we feed our species and heal our planet at the same time," Alexander said.

Sticker Mule partners with xAI to deploy Grok to 370 employees and millions of customers
Sticker Mule partners with xAI to deploy Grok to 370 employees and millions of customers

Yahoo

time34 minutes ago

  • Yahoo

Sticker Mule partners with xAI to deploy Grok to 370 employees and millions of customers

Sticker Mule partners with xAI to deploy Grok to 370 employees and millions of customers AMSTERDAM, N.Y., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Sticker Mule will bring Grok to 370 employees and millions of customers worldwide. Implementation begins in August with Grok being deployed across all departments including engineering, marketing, finance, support and manufacturing. 'Everyone with an email at Sticker Mule is getting Grok, including many front line factory employees,' said Sticker Mule CEO, Anthony Constantino. 'We wanted to be among the first to implement Grok company-wide as we most trust xAI's capabilities.' The company will also begin implementing Grok-powered customer support and utilize Grok as its business brain to enhance decision-making. 'AI is going to beat up pure software businesses, but it will help innovators that sell physical products like Sticker Mule,' Constantino said. 'AI can't manufacture, but it will help innovators, like Sticker Mule, to reach feature parity with incumbent software platforms.' Sticker Mule recently entered the e-commerce market by launching Stores which has already helped sellers earn nearly $200,000 while in beta. Constantino expects AI to accelerate development of Stores and position it to challenge incumbents like Shopify. To supplement Stores, the company is also building a suite of business tools to further help its sellers including Give, an automated online giveaway platform, that was launched recently. Give automates giveaways to help sellers grow their Email and SMS marketing lists. Sticker Mule is also soon to release Notify, a full blown Email and SMS marketing platform that's in beta testing and other tools will follow. 'We believe, with xAI, we can likely double sales with minimal staff growth which will enable us to significantly improve compensation for our team and store sellers,' said Constantino. About Sticker Mule Sticker Mule is the best way to buy and sell custom merchandise, including stickers, t-shirts, magnets, buttons, labels, packaging, keychains, temporary tattoos, and an award-winning hot sauce. Founded in 2010, today we are powered by 1,200+ people in 30+ countries, with factories in New York, South Carolina and Italy. Press contact Paul Antonelli press@ A photo accompanying this announcement is available at

Ultra Clean Names Chris Cook as Chief Business Officer
Ultra Clean Names Chris Cook as Chief Business Officer

Yahoo

time34 minutes ago

  • Yahoo

Ultra Clean Names Chris Cook as Chief Business Officer

HAYWARD, Calif., Aug. 6, 2025 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), announced today that its Board of Directors has appointed Chris Cook as Chief Business Officer of UCT effective immediately. "As President of UCT's Products Division, Chris has successfully grown our product portfolio, expanded our vertical content, deepened our customer relationships and enhanced our manufacturing leadership position across key markets," said Clarence Granger, Chairman of UCT. "In his new role as Chief Business Officer, Chris will also spearhead UCT's commercial strategy, forging deeper strategic partnerships with customers, identifying new market opportunities, and accelerating growth through an optimized portfolio of innovative products and services, accelerating our advancement in the global semiconductor market. In his new role, Chris will continue to report to the CEO." Mr. Cook joined UCT as President, Products Division in April 2022. Chris's track record includes 28 years of successful leadership and general management with semiconductor and electronic systems companies, including Renesas Technologies, Infineon Technologies, Flex, and Cypress Semiconductor. Mr. Cook specializes in driving profitable growth by developing valuable technologies and products, optimizing global operations, and solving tough problems in ways that build lasting trust with customers. In addition, he has led numerous strategic initiatives to scale and improve customer experience, employee engagement, and financial performance via the digital transformation of processes and services. Mr. Cook holds a B.S. in Electrical Engineering and Technology from Purdue University and completed the Program for Leadership Development at Harvard Business School. About Ultra Clean Holdings, Inc. Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at Contact: Rhonda BennettoSVP Investor Relationsrbennetto@ View original content to download multimedia: SOURCE Ultra Clean Holdings, Inc.

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